PROBLEM OF ARMOURS.

Gisborne Times, Volume LV, Issue 6202, 6 October 1921, Page 7

PROBLEM OF ARMOURS.

MR Mc-LEOD, M.P., REPLIES TO MR CARNEY. influence or -the big five.” Mr A. D. McLeod. M.P., writes:— "Mr W. Irving Carney, true to the parent company, which he .so ably represents, is nothing if not open and frank. There is a degree of candour atxmt his effusions which would do justice to even I. Ogden Armour him>(ilf examination by a committee of the United States Senate. It only took about a week of rigid crossexamination to draw from that gentleman the damning admissions a less candid witness could have managed m half an hour. "OF AUSTRALASIA." Mr Carney is always most careful in stating that lie represents Armour and Cm. of ••Australasia." AY ho is Armour and co. of "Australasia" r Euless recently altered, close upon 9fi.fi per cent of the shares lpffd by 1. Ogden Armour, of Chicago. Air C arnet, in an innocent manner, worthy the be_-t efforts of Mark Twain in his memoirs of a tramp abroad, speaks and writes of the "open-door” policy. Ye gods and little fishes! If any farmer wishes to understand the "open-door” policy a-' exemplified by I. Ogden Armour and his fellow-monopolists composing the "Big rive," let him read the files of reputable stock journals during the past 25 vears. in the United States. It the leopard has recently changed its *pots. then one more of our old Btblical truths has gone sky-high. THE OPPORTUNITY ARRIVES. "Armour’s opportunity, ns tar as New Zealand is concerned, lias arrived with the advent of financial stress! amongst sheepfarniers, and Air Carney is malting the best of >t. I do not blame the gentleman in the least. I am only trying to tell the New Zealand farmer that, while it is possible to make a whistle out of a pig s tail, he will have spoilt a good tail, and have a darned poor whistle. \Ye have a fair number of pests in this country, all introduced more or less by the individual who said: ‘ Oh, it will do no harm!’ ” A STANDING MENACE. "Trust methods are u standing menace the world over to-day, to both producer and consumer. Manipulations of food products for extorting unfair piofits by middlemen means revolution sooner or later. I have long held the opinion that the ultimate method of ,riving the maximum benefit to both producer and consumer will bo found along the lines of co-operation. Trust methods are the very antithesis of this. ! the object lining to starve the ends and fatten* the middle. If such evidence was required, one has no further to search than the water-tight trusts controlling oil. tobacco, and refrigerated shipping.

A LESSON FROM QUEENSLAND. "Air Carney says-. ‘Had I kept abreast of the times,' etc. Well, I mast confess, it is a hard -thing to do, even in regard to trusts. While in Central Queensland recently, I sawsome of the finest cattle I have ever seen in large numbers. Farmers wore selling cow beef at 10s per 1001 b, and ox beef at 15s per 1001 b, the only buyers. so 1 was told, being Armour’s and Vesty's. It may have been a coincidence, but, strange to say, both firms would only offer the same price.”